Homer Alaska - Business

Story last updated at
3:55 PM on
Wednesday, January 11, 2012

Pipeline bill still being considered

The Associated Press

JUNEAU  House Speaker Mike Chenault says his GOP-led caucus is weighing whether to push a bill aimed at getting more information about whether a major natural gas pipeline project is a worthwhile investment.

The measure, introduced last session, got pushed to the backburner amid debate over an oil tax cut plan and the budget. But the pipeline project still lacks commitments from producers, and the governor has called on the major North Slope player to unite behind a line that would allow for exports to Asia, if the market has shifted.

Chenault, who has strongly supported a smaller, in-state pipeline, says he doesn't think it's the time to back away from any project.

But a decision has to be made at some point, he says, on what's best for the state.